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Herman Cain Says States, Not the Federal Government, Should Provide Student Aid

October 27, 2011, 11:40 pm

Providing grants and loans to help students pay for college should not be a federal responsibility, Herman Cain, a contender for the Republican presidential nomination, said on Thursday. According to a report by Politico, Mr. Cain, a businessman and former chairman of the Federal Reserve Bank of Kansas City, said in a satellite address to the College Board Forum in New York that states and local communities should take that responsibility instead. Federal resources are limited, he said, “and I believe that the best solution is the one closest to the problem.” His comments follow similar remarks by another Republican presidential contender, U.S. Rep. Ron Paul of Texas, who said on Sunday that he would end the federal student-loan program if elected president.

Also at the College Board Forum, another Republican presidential candidate, Rep. Michelle Bachmann of Minnesota, described President Obama’s action this week to ease student-loan debt as an “abuse of power” that encourages borrowers to evade paying their obligations, the Associated Press reported. And a third candidate, Newt Gingrich, the former House speaker, called Mr. Obama’s plan a “Ponzi scheme.”

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  • ThatGuyAnonymous

    It is a shame that this news post about a thought out idea by Mr. Cain is diluted by caddy rhetoric by two other “candidates” who whose 15 minutes of fame lapsed a long time ago. One reason Cain is doing as well as he is, is because he is not fighting Obama, he is actually bringing ideas to the table and giving the people something to talk about and not spin our heads with useless soundbites.

  • 11301717

    In the past decades most states have reduced funding for higher ed. Why would Mr. Cain think states are ready/willing to assume this responsibility?

  • oneadministrator

    Ideas like this don’t make sense to me.  I grew up in NY, but went to college in another state, then moved to a third state after college.  What possible incentive does NY have to provide me with student aid?  People are too mobile for the states to be responsible for this. 

  • 3224243

    I’ll support his idea if the feds also get rid of their Dept. of Education and keep their noses out of what should be left to the States.

  • jimislew

    Isn’t that what state sponsored “public” colleges are? Basically subsidized education by the state, albeit at an ever declining rate?  Should states give “vouchers” to students so they can attend the college of their choice? 

  • socafish

    Should point out that the actual “Ponzi schemes.” come from investors and financiers , not the government

  • katisumas

    Oh I agree with you!  How dare those people tell us that reality takes more than 3 words (or numbers:  9/9/9) to explain!  How dare they ask us to use our brains!  Thinking gives you a headache!

    And of course it will follow that we will need those electrified fences and moats with crocodiles around those states which are more affluent (most blue ones!) and which through federal funding have been basically supporting red states. 

    Yes, the implications of Cain’s views are clear:  enough of the United States of America!  Let’s break it up into 50 different countries already! 

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